China Primary Energy Holdings Limited provided preliminary consolidated earnings guidance for the year ended December 31, 2014. For the period, the group is expected to continue to record loss for the year ended December 31, 2014 as compared to the corresponding period of last year. This was due to gross margin of the pipe business of the Group, which was not enough to cover fixed costs of the Group for the year ended December 31, 2014; and anticipate impairment provision of certain investments.